Steven Rossi - Sep 6, 2021 Form 4 Insider Report for Worksport Ltd (WKSP)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Steven Rossi
Stock symbol
WKSP
Transactions as of
Sep 6, 2021
Transactions value $
$10
Form type
4
Date filed
11/2/2021, 03:16 PM
Previous filing
May 19, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WKSP Common Stock 2.49M Sep 6, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WKSP Non-Qualified Stock Options Award $10.00 +100K $0.00* 100K Aug 6, 2021 Common Stock 100K $5.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock owned pre reverse-split is 49,850,761. Common stock owned post reverse-split is 2,492,538.
F2 The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date.